BMT Series (21): The Application of Bubble Charts on Token Generation Events
Token Generation Events (TGE) are always the most lively moments in the crypto market, with new projects launching, funds pouring in, and holder distributions forming in an instant. As an on-chain visualization tool, Bubblemaps' bubble charts are particularly useful on this day, helping us quickly capture the stories hidden behind the data. When a new token is launched, the top 250 holders appear like bubbles on the map, with bubble size representing holdings and links showing transfer relationships. This is not just a static image, but a window that reveals early patterns.
For example, issuance days are often when VCs, advisors, or insiders receive their allocations. The bubble chart can visually display clusters: if several large bubbles are closely connected, it may indicate that the team is distributing tokens or that market makers are at work. Data shows that Bubblemaps V2's time travel feature is incredibly useful; you can go back to the moment of issuance and compare the distribution then and now. If a token, like SHIB, had intermediary addresses transferring funds early on, but these addresses currently hold zero tokens, they won't be visible on the default map. By enabling magic nodes, you can automatically expand these hidden connections, revealing traces of fund flows.
In practical applications, I have tried monitoring with bubble charts on token issuance days. By clicking on the price chart, selecting the issuance date, the map switches to a historical snapshot. Filtering transfers to only see large amounts of USDC or ETH can uncover abnormal patterns—such as multiple holders receiving gas fees from the same address, suggesting possible manipulation. The sharing feature is also very convenient, generating permanent links to be sent to the community for discussion. Compared to the pure data lists of Etherscan, bubble charts are more intuitive, helping traders catch early signals and avoid FOMO or risks.
Of course, there is a delay in updating data on issuance days, but V2 promises to refresh within six hours, ensuring real-time accuracy. For InfoFi enthusiasts, this tool not only observes the excitement but can also monetize insights. In short, bubble charts turn issuance days from noise into intelligence, making it worth a try for every researcher.
